This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of heterocyclic compounds, which are often explored for their potential therapeutic properties. Researchers focus on its application in designing and optimizing drug candidates, especially those targeting central nervous system disorders, due to its ability to interact with specific biological receptors. Additionally, it serves as a building block in the creation of compounds with potential anti-inflammatory, antimicrobial, or anticancer activities. Its versatility in chemical reactions makes it a valuable tool in the discovery of new pharmaceuticals.